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djyliett [7]
4 years ago
7

Calculate the interest amount on a $500 loan at 12% interest for 60 days​

Mathematics
1 answer:
creativ13 [48]4 years ago
3 0

Answer: 9.863

Step-by-step explanation:

Calculate :

⇒Principal Amount (p):

500

⇒Rate % per Annum (r):

12 %

⇒Time (n) :

60 days

 

⇒Simple Interest (S.I) :

Final answer ⇒9.863

* Hope this helps:) Mark me the Brainliest:)!!!

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